SEC Chair Gary Gensler Says Investors Lack Needed Crypto Disclosures Following Multiple Wells Notices

Securities and Exchange Commission Chair Gary Gensler says investors are not getting vital crypto disclosures after the agency handed out notices to multiple crypto entities that it plans to bring enforcement actions against. Gensler was asked Tuesday morning on CNBC Squawk Box about the agency's recent move to file a Wells Notice against Robinhood HOOD Crypto, the crypto unit of the brokerage firm Robinhood Markets. The exchange said on Monday that SEC staff had decided to recommend an enforcement action against the crypto unit, alleging securities violations.

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